GTA IV: Big Sales. Take-Two Shares: Small Bump (TTWO)

Take-Two
Interactive's GTA IV was only on sale for five days
during the April reporting period, but that's all it needed
to take home bragging rights for the month. Take-Two (TTWO) sold
2.85 million units in North America according to NPD Group, which
tracks game sales.

The stats that really matters: Performance of TTWO shares.
They're up 4% since April 29, the day the game went on sale, and
are now trading at $27.33. So either Wall Street thinks that GTA
really has proven that Take-Two is worth (slightly) more than it
thought, or it thinks that Electronic Arts (ERTS) will raise its
$25.74
bid for TTWO, or both. EA's tender offer expires today, and
we should have more news shortly, presumably by the end of the
weekend at the latest.